Unsubsidized Loans

When student loans are unsubsidized, borrowers are responsible for paying all accrued interestThe interest on a student loan that begins to accrue (accumulate) after a student completes school., whether accrued in school or during grace or defermentThe temporary postponement of loan payments. periods, or during NIH repaymentA loan is borrowed money that must be repaid. You have a choice of repayment plans if you received a contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder periods. Examples include Federal Unsubsidized Stafford (either FFELP or direct), Federal SLS, Federal PLUS, Health Education Assistance Loans (HEAL), private loans, and some institutional loans. See “Capitalizationwhen interest is added to the principal balance of a loan rather than being paid as it accrues; any.”